India Financial News

A politician is always a politician: Former vice president M Venkaiah Naidu may no longer be an active BJP leader but loves to meet people, deliver lectures and travel to various parts of the country. After receiving Padma Vibushan, Naidu met friends and well-wishers over breakfast where he announced that he would be more active now in his interactions. He also expressed his ire over leaders switching parties for instant gains and plum posts, saying a true leader would not change colours. Interestingly, most defections in recent times have been to BJP. Pleadings and allegation season: BJP's Bardhaman-Durgapur candidate Dilip Ghosh has sought support from the Left parties and their followers to strengthen Narendra Modi's hands. It is believed that a substantial number of Left votes backed BJP in 2019. Trinamool chief Mamata Banerjee has been alleging a 'Ram-Bam' (BJP and Left) connection and claiming that Congress, Left and BJP are teaming together to defeat Trinamool.

Alappuzha, the citadel of the Communists in Kerala and the land of the historic Punnapra-Vayalar uprising and the martyrs column, huge hoardings of KC Venugopal, the influential AICC general secretary (organisation) and a close associate of Rahul Gandhi, are all over. Venugopal is fighting to wrest the CPM seat, the only Lok Sabha constituency that stood by the Left in 2019 when the Congress-led UDF swept 19 of the 20 seats from the state.

Narendra Modi government was committed to its mission of empowering rural women, not only through loans and subsidies, but also by equipping them with new technologies to boost their confidence, finance minister Nirmala Sitharaman said on Tuesday. She was addressing a gathering of Flo, the women's wing of the Federation of Indian Chambers of Commerce and Industry (FICCI) in Bengaluru. «Because of government programmes, today the aptitude for innovative activities is not just the purview of women in metropolitan areas, but also in remote regions across the country,» she said.

Assam's Nagaon is seeing a three-pronged contest, with the Congress, the BJP and the All-India United Democratic Front (AIUDF) vying for the trust of voters in this Muslim-dominated constituency. Voting here is scheduled for April 26. In the 2019 general election, the AIUDF had supported the Congress and helped it win this seat after a gap of almost 25 years. While Congress parliamentarian Pradyut Bordoloi is seeking re-election, the BJP has fielded former militant-turned-politician Suresh Bora for this seat. Bora, who had left the militant outfit ULFA in 1999, was president of the Nagaon District Congress Committee before joining the BJP. Bora has contested Assembly polls thrice and lost on all occasions.

Hanuman Chalisa' or 'holding a shobha yatra during Ram Navami' in Karnataka and Rajasthan during its rule. Addressing a rally in Tonk-Sawai Madhopur on Tuesday, Modi referred to the attack on a shopkeeper, allegedly for 'listening to Hanuman Chalisa' in his shop. He claimed Congress 'protected such miscreants' when it was in power for 'appeasement politics'. «A shopkeeper was badly beaten up as he was listening to Hanuman Chalisa. Look at the work of Congress in Karnataka. A shopkeeper was made to bleed in his own small shop for remembering Lord Hanuman in his prayers. You can imagine that even listening to Hanuman Chalisa becomes a crime in their rule. Under Congress rule, it becomes difficult to even follow your faith,» Modi alleged. Hanuman Jayanti was being celebrated in different parts of the country on Tuesday.

₹31,428 crore in advertising, making it the largest category to advertise, according to a 2024 report by Dentsu and Exchange4Media. FMCG firms account for a third of all advertising spends in India. "It is directionally very good because the Supreme Court is looking at a larger ambit now.

₹1,00,893.63 per kl in Delhi, 3% higher on-year and 54% higher than in FY20. A strong and sustained demand is expected to result in tailwinds for Indian airlines.

new telecom law, only a very limited and narrowly defined cases including spectrum for walkie-talkie for police organizations, radar for weather forecasting, radar and communication for ships, communication for space and satellite applications, communication and radar for Army, Air Force and Navy and PSU like BSNL will be given on administrative basis. Of the total allocations, these amount to minuscule (amounts)," the official added.

came under the scanner for contributing donations via the now-defunct electoral bonds to national and state parties, as per the data shared by the State Bank of India on the directions of the Supreme Court. However, there is one fledgling political party which is completely backed by a corporate group. Kitex Garments- backed Twenty20 party in Kerala has made a foray into the Lok Sabha polls by fielding two candidates.

NEW DELHI : Are cars safe in India? Some of them are, going by past crash test results, but some continue to fall short of safety standards under global crash test protocols. The latest round of test results from Global New Car Assessment Programme (GNCAP) has found serious safety shortcomings in some car models, prompting calls for industry-wide action to prioritize occupant and vehicle safety.

NEW DELHI : Hybrid cars in India may remain pricey for a while, with a top panel tasked to review taxes on them yet to formally meet even once, in the backdrop of a divided auto industry. Besides, any change in automobile taxes is unlikely without a comprehensive overhaul in the GST framework, two people aware of the development said. On 11 January, the Union heavy industries ministry formed a panel of vehicle testing agencies, petroleum ministry officials and auto industry bodies to study whether hybrids should have lower compensation cess.

(More to come) However, former India cricketer Virender Sehwag feels that under Ruturaj Gaikwad, CSK have moved on from their strategy after Rachin Ravindra was dropped from the playing XI in the match against Lucknow Super Giants at home in Chennai. Speaking to Cricbuzz, Sehwag was left baffled at the move of dropping Ravindra as he highlighted CSK have made quite a few hurried decisions in their XI which included getting Ajinkya Rahane to open and captain Gaikwad going one down. He then sent out a warning that every time CSK have looked confused over their strategy, they have failed to make the playoffs.

₹87.8 crore during the January-March quarter of FY24. The exchange in the commodity derivatives market segment reported a 35% YoY rise in its revenue to ₹181.1 crore. MCX has declared a final dividend of ₹7.64 per equity share for FY24 on Tuesday, March 23.

credit demand during this period is not just limited to larger metros. Kanpur and Barabanki emerged among the top 10 cities by originations (value) in the December 2023 quarter, a quarter marked by festival spending, said a report by credit bureau CRIF Highmark. «The festive season remains a crucial driver for consumption-based lending in India, benefiting both lenders and borrowers” said Sanjeet Dawar, Managing Director, CRIF High Mark. “ What is interesting to note is that credit demand during this period is not just limited to larger geographies. Kanpur and Barabanki emerged among top 10 cities by Originations (value) in Q3 FY24. Cities beyond top 100 by Originations (value) dominated vehicle loans two-wheeler and auto loans as well as consumer durable loans during the last festive season Q3 FY24” Loans such as two-wheelers and consumer durables have seen an increasing share of BT100 cities from Q3 FY23 to Q3 FY24. Overall, the year-on-year growth rate in originations (value) during festive season increased for consumer durables and home loans in Q3 FY24 compared to Q3 FY23.

tenant verification section of the Uttar Pradesh Police's UPCOP mobile app has sparked controversy for its unconventional list of 'professions' including hired killer, drug smuggler, gambler, bootlegger, nomad, and beggar. Social media users, including Arvind Chauhan, shared screenshots of the app, highlighting these surprising options. The issue gained traction, leading UP Police to acknowledge it on their official Twitter account, stating, «Thank you for pointing it out. The dropdown is based on master data populated by NCRB.» However, the connection between NCRB's crime records and the professions listed remains unclear.

Advisor360, a prominent software provider for wealth management enterprises, has announced succession in its leadership as it taps a distinguished industry veteran.

₹18,100 crore. However, after initial allocation of the 50 GWh capacity, one of the selected applicants in the first round, Hyundai Global withdrew as the South Korean automobile major Hyundai Motor Company and its Indian arm Hyundai Motor India Ltd (HMIL) clarified that they had nothing to do with the company.

₹50,000 crore corpus, out of which ₹10,006 crore would come from the Centre and the rest from private capital or venture capital funds. The ministry of MSMEs last month tweeted saying that about ₹7,593 crore investment has been ploughed into 425 MSMEs in the past three years. In addition, 51 daughter funds – an alternative investment fund -- have been empanelled under the NSIC Venture Capital Funds (NVCFL).

Lok Sabha polls 2024: As the general elections nears its third phase on May 7, the Election Commission of India (ECI) on Tuesday informed that Gujarat and Maharashtra saw the maximum number of nominations from the 12 states and Union Territories who will vote in Phase 3. A total of 2963 nominations were filed for 95 Parliamentary constituencies across 12 states and UTs going for polls in phase 3 for the Lok Sabha Elections 2024.

₹7,500 crore for the scheme, a more than 10% increase over the amount spent in the just- concluded financial year. The scheme in its current form gives beneficiaries an insurance coverage of ₹5 lakh person per year on a means-tested basis – to qualify, the individual's annual income must not exceed ₹2.4 lakh. Expanding the coverage of the scheme to include everyone above 70 years of age by removing the income cap could cost the exchequer an additional ₹15,000 crore– ₹20,000 crore a year as per preliminary estimates, said one of the persons quoted above.

Brickwork Ratings to not onboard clients for six months or until these conditions were met. Nayar has a career spanning over 40 years across sectors including investment, retail, international banking, project finance, and life insurance. Currently, he also serves as the chairman of Reliance Nipppon Life Insurance.